FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 121 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 23 INVESTMENT IN SUBSIDIARIES (CONTINUED) (a) Details of subsidiaries are as follows: (continued) Name of subsidiary Place of business/ country of incorporation Nature of business Proportion of ordinary shares directly held by FGVH Proportion of ordinary shares held by the Group Proportion of ordinary shares held by non-controlling interests Proportion of RCPS/RCCPS held by the Group 2023 % 2022 % 2023 % 2022 % 2023 % 2022 % 2023 % 2022 % Indirect subsidiaries (continued) Subsidiaries of FGV Downstream Sdn. Bhd. Felda Global Ventures North America Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - 100.0 100.0 FGV Biotechnologies Sdn. Bhd. Malaysia Processing and sale of biodiesel products - - 100.0 100.0 - - - - FGV Green Energy Sdn. Bhd. Malaysia Processing and sale of biodiesel products - - 60.0 60.0 40.0 40.0 - - Subsidiaries of Felda Global Venture North America Sdn. Bhd. Twin Rivers Technologies Holdings, Inc. # United States of America Investment holding - - 100.0 100.0 - - - - Twin Rivers Technologies Holdings-Enterprise De Transformation De Graines Oleagineuses Du Quebec Inc * Canada Investment holding - - 100.0 100.0 - - - -
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